The Chancellor presented her Autumn Budget to Parliament on 26 November 2025, introducing a wide range of measures aimed at restoring fiscal credibility, managing inflationary pressures, and signalling future tax rises. While there were no headline surprises, the Budget adds further complexity to an already intricate tax system, and the full impact will only become clear as consultations and further guidance emerge in the coming weeks. The Chancellor’s approach appears design

For small businesses, providing life insurance for directors or employees can be challenging. Many companies cannot offer large group schemes due to cost or administrative complexity. Relevant Life Cover is a tax-efficient solution designed for small companies or single-director businesses, giving the same protection as a “death-in-service” benefit but in a tailored and compliant way. What Is Relevant Life Cover? A Relevant Life Policy is a life insurance policy arranged and

It’s easy to see the appeal that many company directors working from home think, “Why not have the company pay for my new garden office, reclaim the VAT, and deduct the cost for tax?” On the surface, it looks like a good idea, the business gets a corporation tax deduction, you get a modern workspace, and the company can even reclaim VAT on the costs. But this apparent win-win can turn into a tangle of VAT, income tax and capital gains tax issues later on. Below we explore why

Companies are required to deduct basic rate income tax (currently 20%) at source and remit it directly to HMRC when making certain types of payment. CT61 payments typically include: Annual interest on debentures or loan stock to individuals Annual payments or patent royalties to individuals Royalties on certain intellectual property to overseas persons The tax deducted at source settles the income tax liability of the recipient, not that of the company making the payment. Inc

Understanding the corporation tax treatment of goodwill and other customer-related intangibles is essential when preparing accounts and tax computations. The UK rules have been revised several times since 2002, so the date of acquisition determines what relief (if any) is available. General Rules for IFAs Under CTA 2009, ss.721–728, income and expenses relating to intangible fixed assets (IFAs) — such as royalty receipts or payments for patents and copyrights — are brought in

The Substantial Shareholdings Exemption (SSE) is a key UK corporate tax relief that allows companies to dispose of shares in trading companies without incurring corporation tax on chargeable gains. Introduced by the Finance Act 2002, SSE was designed to promote investment, facilitate corporate restructuring, and remove tax barriers to commercial transactions. Conditions for SSE SSE exempts qualifying gains from corporation tax when a company disposes of shares in another comp